Having been on a steady period of growth for some time now, it would appear that Swedish gaming site LeoVegas is set for even more development in the short-term. With their boost in the UK online casino gaming market set to increase with their purchase of Intellectual Property and Software Limited (IPS) for a cool £65m, this shows just how serious the company is about moving into this industry.
Completed on Friday, this will mean that all IPS assets will fall into LeoVegas control. The likes of Bet UK, UK Casino, 21.co.uk, and Slotboss will all now be part of the LeoVegas line-up. They will also be taking control of a company that generated over £11m in revenue in the fourth quarter of 2017 alone, showing that they have just purchased a company that was very much on the up.
This is sure to show that LeoVegas is more than happy to keep moving into the UK online casino gaming. Famed for its fantastic UK free spins offers and more, this shows just how much development is taking place within the UK gaming scene as more and more experts from various backgrounds get involved in its development.
LeoVegas have also agreed to a new extension with Bede Gaming, the tech platform that runs the IPS platform at present. Speaking about the quality of the new deal was LeoVegas CEO Gustaf Hagman, who said it was “just great” for the development to keep taking place
Released in 2012, LeoVegas has quickly risen to the peak of the UK online casino gaming industry, with major names under their collection helping to ensure their development into the likes of CasinoGrounds, the popular site for casino games streaming. It will be interesting to see what other moves the Swedish market leaders have in store for 2018 and beyond.